LiqTech International (LIQT) Reports In-Line Q1 EPS, Revenues Beat
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LiqTech International Inc. Announces First Quarter 2020 Financial Results
May 11, 2020 8:01 AM EDTBALLERUP, Denmark, May 11, 2020 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, announced today first quarter 2020 financial results for the period ended March 31, 2020.
Key Highlights
Record quarterly revenue of $10.3 million Gross Profit margin improved to 25.7% Net income of $0.3 million Successful installation of second new customized furnace First sales of the new, lower cost MK 6.1 marine scrubber filtration system Implementation of plans to reduce annual operating costs by $1.9 million... More